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Adrian Esteban
Adrián Esteban is a young man who is 24 years of age and a merchant who sells household linens. He has been selling blankets, bed sheets, and curtains for several years thanks to the experience he acquired working at a distribution center that carries these products. Adrián is motivated to improve his quality of life and that of his family. However, in recent months, he has experienced financial and health problems.


Young Adrián needs to buy inventory that he can offer to people so that he can increase his sales, improve his income, and fulfill his future dream of having a large household linen distribution business.

View original language description ↓
El joven Adrián Esteban a sus 24 años de edad es un comerciante de ropa hogar, se dedica desde hace varios años a la venta por encargo de cobijas, sabanas y cortinas, gracias a la experiencia adquirida en una distribuidora de estos productos en la cual trabajó. Con el ánimo de mejorar su calidad de vida y la de su familia que en los últimos meses han pasado por dificultades económicas y de salud, el joven Adrián necesita de la compra de surtido que pueda ofrecer en pueblos y así aumentar sus ventas, mejorar sus ingresos y a futuro cumplir su sueño de tener una gran distribuidora de ropa hogar.

Additional Information

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.

About Colombia

  • $11,100
    Average annual income
  • 504
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,928.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Adrian Esteban to buy household linens such as blankets, bed sheets, and curtains.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2011
Listed
Dec 24, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 20, 2013